How to Earn $500 Monthly from Starbucks Stock

Published 6 hours agoSBUX

How to Earn $500 Monthly from Starbucks Stock

Starbucks offers investors a couple of strategies to generate income, notably through its dividend payments and options trading. To earn $500 monthly from Starbucks dividends, one would need approximately $6,000 in annual dividends. Given the company's current dividend yield of around 2%, this means an investment of about $300,000 in Starbucks stock. Alternatively, selling covered call options on Starbucks shares can provide additional income, though this comes with the risk of having shares called away if prices rise above the strike price.

In its recent Q2 earnings report, Starbucks reported adjusted earnings per share of $0.68, which fell short of the $0.80 expected by analysts. Revenue saw a 2% year-over-year decline to $8.56 billion, missing projections of $9.13 billion. The company's global same-store sales dipped by 4%, with specific declines in North America and international markets, including an 11% drop in China.

Looking ahead, Starbucks plans to boost customer engagement with new promotions and menu innovations despite revising its 2024 global revenue growth expectations to low single digits from a previous 7% to 10%. The company, which currently operates 38,951 locations after opening 364 new stores in the quarter, aims to counter the decline in same-store sales, which are now expected to remain flat or decline slightly, instead of the previously anticipated growth.

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